H
hichachoc
Guest
Please help:
I have paid into a PRSA (~€80,000), it's invested a fund with an Irish life assurance company
I've just turned 65
I will have a pension income which means I do not have to buy an AMRF
I know I can take out 25% tax free
I know there are various ARF options : fund, Post Office saving etc etc
Question:
Having taken out my 25% and decided where to invest the balance, who controls the 75%, ie who looks after the money, who makes sure I pay the PAYE on the income or the encashment etc. Surely I cannot just go to my life assurance company and tell them I'm going to invest in an ARF and ask for a cheque for the full amount?
I have paid into a PRSA (~€80,000), it's invested a fund with an Irish life assurance company
I've just turned 65
I will have a pension income which means I do not have to buy an AMRF
I know I can take out 25% tax free
I know there are various ARF options : fund, Post Office saving etc etc
Question:
Having taken out my 25% and decided where to invest the balance, who controls the 75%, ie who looks after the money, who makes sure I pay the PAYE on the income or the encashment etc. Surely I cannot just go to my life assurance company and tell them I'm going to invest in an ARF and ask for a cheque for the full amount?